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Hi all
We are a new Nevada C-Corp and only started in June 08-
www.medialabpro.com
We are a web development company made up of successful developers. We joined
forces nearly a year ago and began making good money so we created a
corporation.
We are split into two divisions.
Division One: Contract development for web apps, web sites, consulting, etc.
Division Two: Residual Income Subscription based services. Our first service is
www.ninjoomla.com and at only 7 months old we have 5700+ paid members. We have
more than 10 new projects that fit a tight criteria for a subscription based
service. Very conservatively We expect 20,000 monthly members paying $10 per
month by 2010 with only 10% total overhead expenses.
We want to establish the best route to building this
companies credit. We realize it will take 6 months of banking before we can
potential see the ability to obtain a loan.
One other possible way is to get a Co-Signer and then try
and obtain a $100k - $500k credit line. This would be better than having an
investor take a large percentage of the company. Instead we can issue 10% ownership
or something fair for all parties.
Does anyone have any advice on how to obtain credit?
Thanks!
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Hi all
We are a new Nevada C-Corp and only started in June 08-
www.medialabpro.com
We are a web development company made up of successful developers. We joined
forces nearly a year ago and began making good money so we created a
corporation.
We are split into two divisions.
Division One: Contract development for web apps, web sites, consulting, etc.
Division Two: Residual Income Subscription based services. Our first service is
www.ninjoomla.com and at only 7 months old we have 5700+ paid members. We have
more than 10 new projects that fit a tight criteria for a subscription based
service. Very conservatively We expect 20,000 monthly members paying $10 per
month by 2010 with only 10% total overhead expenses.
We want to establish the best route to building this
companies credit. We realize it will take 6 months of banking before we can
potential see the ability to obtain a loan.
One other possible way is to get a Co-Signer and then try
and obtain a $100k - $500k credit line. This would be better than having an
investor take a large percentage of the company. Instead we can issue 10% ownership
or something fair for all parties.
Does anyone have any advice on how to obtain credit?
Thanks!
